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Farmers recently lined up at Global Grain’s Plum Coulee facility to retrieve their edible beans.
Crops

Farmers retrieve beans from Global Grain in wake of insolvency

That will cut the amount of security money needed to cover what farmers are owed

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Many farmers who were owned by Global Grain Canada of Plum Coulee have gotten their goods back. The Canadian Grain Commission (CGC) is still tallying how much farmers are owed, but CGC spokesman Remi Gosselin said in an interview Nov. 20 that figure has come down as physical stocks of edible beans are returned to
A shortfall of posted security means farmers owed money by 
Naber seeds won’t get full payment.
News

RCMP investigate Naber Specialty Grains

Farmers will get 10 to 15 cents on the dollar

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RCMP are investigating Naber Specialty Grains Ltd. after it was placed in receivership owing farmers more money than it has posted in security. “We have uncovered what appear to be irregularities in producer liability reports provided by Naber Specialty Grains Ltd. to the Canadian Grain Commission and as a consequence security posted by the company
Cereals, Livestock

KAP Wants Farmers Better Protected

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The Keystone Agricultural Producers (KAP) wants laws to ensure farmers retain ownership of the products they deliver until paid. When farmers unload cattle at an auction market they lose ownership even though they haven t been paid, Minto farmer Bill Campbell said during KAP s general council meeting Oct. 27. Until I receive compensation I
Livestock

Herd Cutbacks Eat Into Ridley’s Q2

Winnipeg feed maker Ridley Inc. reports higher profit in the last three months of 2009, even as its feed sales drop due to cutbacks in Canada’s livestock herds. The company reported net earnings of $5 million on gross revenue of $150 million for its second quarter ending Dec. 31, down from $700,000 on $163.6 million
Opinion

Hog Losses Cut Wide Swath

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I was one of many who believed Saskatchewan, with its landlocked feed grain supply, was a logical place for the hog industry to prosper. Alarge number and individuals and businesses have lost money due to the demise of the Saskatchewan pork industry. Big Sky Farms, which is currently under creditor protection, is just the latest
News, Poultry

A Pilgrim’s Pride bankruptcy may help rivals

Any bankruptcy filing by Pilgrim’s Pride Corp., the largest U. S. chicken producer, could support higher pricing for the entire poultry industry as capacity is taken out, Fitch Rating said Nov. 18. A Pilgrim’s Pride bankruptcy looks “pretty inevitable,” given that the company has hired a restructuring adviser and is exercising a grace period for
News

Deadline set for FarmPure creditors

Manitoba farmers owed money by FarmPure Seeds should prove their claims with Meyers Norris Penny by mid-December at the latest. MNP, as FarmPure Seeds’ trustee, goes to Court of Queen’s Bench in Saskatoon on Nov. 17 to get court approval for Ontario forage firm Pickseed to buy FarmPure’s forage seed assets at Nipawin, Sask. Pickseed’s
News

FarmPure creditors take Pickseed’s offer

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Officials from Pickseed were able to provide producers and others “with a greater comfort level” Unsecured creditors of FarmPure Seeds have agreed to take a deal that may see them get back six cents on every dollar they’re owed by the Regina firm. Pickseed, a well-known Ontario forage seed and turf-grass company that plans to
News

FarmPure’s creditors to vote on deal

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Manitoba seed growers and others owed money by FarmPure Seeds could recoup about six cents on the dollar out of a deal with the company’s proposed new owner. A preliminary list of almost 500 potential unsecured creditors of the Regina seed marketing and distribution company includes over 100 names of Manitobabased businesses and agencies –
News, Oilseeds

FarmPure /from age 1

the column at left, then click on “FarmPure Seeds Inc.”) Pickseed discovered the depth of FarmPure Seeds’ indebtedness during its due diligence for the purchase of the company’s forage and grass business, Kornuta said in an interview last week. The proposal, she wrote, will allow FarmPure Seeds to be sold as “a going concern with

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